Arotrade

AroTrade is a cfd and a forex broker which allows the users to trade in wide range of assets which includes indices, stocks, commodities and currencies. This broker is registered in Sofia, Bulgaria and are owned and operated by Speed Solutions Limited. They provide a complete trading experience to the users.

Trading platform of arotrade

The trading platform that is used by arotrade is TraderSoft Platform for cryptocurrency, CFD as well as for forex trading. The trading platform is compatible with both, mobile as well as for web use. The traders do not need any particular form of applications or programs since the platform is web based. It also offers the traders tools which are quite useful such as risk management tools, economic calendar, price alerts and trading signals and more.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Account features

They offer six different types of trading accounts that one can choose from and each account type offers the users different set of benefits and also serves as an upgrade which depends on how much the user is depositing.

Basic Account

  • Offers a 20% welcome bonus
  • $250 Minimum deposit
  • Daily market review
  • Daily analysis video
  • 24/6 customer support
  • Education center resources
  • Price analysis
  • Pro webinar

Bronze Account

  • Offers a 40% welcome bonus
  • $1000 Minimum deposit
  • Junior account manager
  • All benefits of basic account included

Silver Account

  • Offers a 60% welcome bonus
  • $2500 Minimum deposit
  • Senior account manager
  • Silver spreads
  • All the benefits of basic account

Gold Account

  • Offers a 80% welcome bonus
  • $10,000 Minimum deposit
  • Gold signals
  • Gold spreads
  • Personalized trading strategy
  • VIP account manager
  • All the benefits of basic account

Platinum Account

  • Offer a 100% welcome bonus
  • $25,000 Minimum deposit
  • Platinum signals
  • Offers Platinum spreads
  • One-on-one trading trainer
  • All of the benefits of basic account
  • Offers exclusive position access

Black Account

  • More information available upon request

Trading cryptocurrency

Arotrade also offers trading in cryptocurrency CFD without actually owning the cryptocurrency underlying assets. It allows the users to be able to trade in the price movements in the market of cryptocurrency without having to rely on the market liquidity.

AroTrade Bonus

This broker offers the users a bonus which is in the range of around 20-100%. The bonus terms however appeared to be a little vague and the bonus requirements are not thoroughly described in detail as such, so the traders would not know what exactly to expect.

Arotrade Demo Account

There is a demo account that is being offered by arotrade but it does not offer virtual money to practice the trading skills and the link for the demo account is also vague since it only leads to a registration form. Had the demo account been there and functional, it would have really helped the traders to learn and practice a few skills before venturing into real trading.

Islamic Account

There is also the option to trade the Shariah compliant form of trading which has the following features.

  • No commissions
  • Interest free and swap free
  • The spread is fixed
  • No position rollover

Customer Support

Arotrade is highly committed to providing a high level of customer service to their traders through various ways by offering their customers 24/6 customer support and by providing them a long and detailed FAQs which they can benefit from. The customer service team usually contacts the customer within minutes of their query and the customers can reach the brokerage support through email and by phone calls. Moreover there are also local numbers for customers in different countries like Malaysia, South Africa, Singapore, Switzerland, New Zealand, Kazakhstan and Russian Federation.

Deposit and withdrawals

There are quite a few ways of depositing cash and of withdrawing it as well. It accepts bank wire transfers, MasterCard, VISA, Skrill, Qiwi Wallet, Neteller and web money. The minimum deposit that is required is $250 dollars to start off with.

Pros

  • The trading platform is quite simple and easy for all to use.
  • There is no requirement of any particular app to download since it is web based.
  • There are multiple options of assets offered for the traders.
  • It has plenty of variety when it comes to account types.

Cons

  • There is no virtual money given to the users to try their hands on trading.

Conclusion

Arotrade is a new brokerage and is doing quite well. The trading platform is quite simple and straightforward and there are quite a few options when it comes to the different types of accounts it has to offer and the assets it is dealing with. It does lack a proper demo account which is quite useful for the first timers but overall, this is a great new trading platform which is quite a useful place for the experienced traders.

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